| |
 |
|
|
Finance & Stock Groups Forum Index » Futures » Alterama - Forecast
Page 1 of 1
|
| Author |
Message |
| Guest |
 Posted: Wed Aug 15, 2007 8:20 pm |
|
|
|
|
Quote: From Alterama 08-15-08
Further news is emerging about banks and financial institutions
experiencing losses due to the liquidity crunch and the US sub-prime
mortgage debacle. Sydney-based Basis Capital Fund Management is now
saying that losses at one of its hedge funds may exceed 80%. Japan's
largest bank, Mitsubishi UFJ Financial Group, said today that it had a
small loss of $46 tied to the US sub-prime mortgage bond problem, but
the market responded by heavily selling the bank's stock, which ended
the day down 5.3% at a new 2-year low. Meanwhile Sumitomo Mitsui
Financial Group today reported a small loss of "several billion
yen" ($25 million) through June 30 and its stock today plunged 5.9%.
At Alterama we think that the Stock Market has to go significantly
lower before it stabilized and possibly rebounds. Alterama is an
international institution and Alterama has a lot of contact in Europe.
Alterama waits for the other shoe to drop: there will be an
announcement of big losses by a first tier European institution
(probably Swiss). That will be the climax.
Meanwhile the Alterama funds of hedge funds is performing quiet well
amid the turmoil. For information, visit our web site www.alterama.com |
|
|
| Back to top |
|
| |
|
Page 1 of 1
All times are GMT
The time now is Thu Jan 08, 2009 11:51 pm
|
|
|